CSG Systems International, Inc. (NASDAQ:CSGS) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of CSG Systems International, Inc. (NASDAQ:CSGS) have earned an average rating of “Moderate Buy” from the five analysts that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $61.67.

Several analysts have issued reports on the company. Wells Fargo & Company dropped their price objective on CSG Systems International from $48.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 4th. Royal Bank of Canada assumed coverage on CSG Systems International in a research note on Wednesday, March 27th. They issued an “outperform” rating and a $61.00 price objective on the stock. Finally, Cantor Fitzgerald dropped their price objective on CSG Systems International from $63.00 to $62.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd.

Institutional Investors Weigh In On CSG Systems International

Large investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC grew its position in CSG Systems International by 88.0% during the first quarter. SG Americas Securities LLC now owns 3,627 shares of the technology company’s stock worth $187,000 after buying an additional 1,698 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in CSG Systems International during the first quarter worth $190,000. Sciencast Management LP bought a new stake in CSG Systems International during the first quarter worth $233,000. EMC Capital Management lifted its stake in CSG Systems International by 28.1% during the first quarter. EMC Capital Management now owns 4,808 shares of the technology company’s stock worth $248,000 after purchasing an additional 1,056 shares during the last quarter. Finally, Quantbot Technologies LP lifted its stake in CSG Systems International by 31.8% during the first quarter. Quantbot Technologies LP now owns 19,037 shares of the technology company’s stock worth $981,000 after purchasing an additional 4,590 shares during the last quarter. Institutional investors and hedge funds own 91.07% of the company’s stock.

CSG Systems International Stock Performance

CSGS opened at $40.49 on Tuesday. CSG Systems International has a 52-week low of $39.56 and a 52-week high of $69.35. The firm has a market capitalization of $1.20 billion, a PE ratio of 18.49, a PEG ratio of 1.25 and a beta of 0.81. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.74 and a current ratio of 1.74. The business’s 50-day simple moving average is $42.62 and its 200 day simple moving average is $48.46.

CSG Systems International (NASDAQ:CSGS) last released its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.07. The firm had revenue of $270.07 million for the quarter, compared to analyst estimates of $271.66 million. CSG Systems International had a return on equity of 28.77% and a net margin of 5.56%. As a group, sell-side analysts expect that CSG Systems International will post 3.29 earnings per share for the current fiscal year.

CSG Systems International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Friday, June 14th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend was Friday, June 14th. CSG Systems International’s payout ratio is 54.79%.

About CSG Systems International

CSG Systems International, Inc, together with its subsidiaries, provides revenue management and digital monetization, customer experience, and payment solutions primarily to the communications industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers Advanced Convergent Platform, a private SaaS platform; and related solutions, including service technician management, analytics, electronic bill presentment, etc.